(at minute 41:36)

Founder Lesson
When I first started raising money for startups, a very experienced attorney told me that every round would take six months. What I came to find out is that the reality is more like six to nine months. To new founders this might sound surprisingly long, but this has been the case for me every time.

(at minute 42:28)

Founder Lesson
The notion of retention has always interested me when it comes to new startup ideas. I’m sure there are lots of complicated definitions for that term, but to me it simply means your customers’ propensity to continue to use you app in an ongoing cadence that’s appropriate for your type of business.

(at minute 4:18)

Founder Lesson
Recently I was meeting with a first-time founder who has been working on his bootstrapped startup for two years. When I asked about his progress, he said that the first version of their app was just released into the app store.

Without going into specifics, this founding team - like most founding teams - has a very . . .

(three lessons in one podcast)

Founder Lesson
Every so often I run across a startup podcast that has a bunch of lessons in it, so it’s difficult to choose just one. That happened with this podcast. Every few minutes I was taking down a new lesson, so I figured the best thing to do was to mention them all.

(at minute 12:34)

Founder Lesson
Lately I’ve been been working closely with a group of startup founders in the idea stage. In other words, they know the space they want to focus on, but don’t have the complete business model ready to validate.

During this stage, customer feedback is always tricky. I’ll never argue against talking with potential . . .